2024 401k Limits Over 55

2024 401k Limits Over 55. Employees can contribute up to $23,000 to their 401(k) plan for 2024 vs. The total contribution limit, including employer contributions.

In 2024, employers and employees together can contribute up to $69,000, up from a limit of $66,000 in 2023. The irs has announced the 2024 contribution limits for retirement savings accounts, including contribution limits for 401(k), 403(b), and 457(b) plans, as well as income limits for ira contribution deductibility.